October 16, 2024
Highest Paying Jobs in Canada that Require a Master's Degree

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If you dream of working in Canada, taking a postgraduate degree at one of their universities is one of the best ways to do it!

Twenty-six Canadian universities are featured in the QS Rankings, meaning you won’t be short of choice when choosing a course.

With a Master’s degree from a Canadian university, you will qualify for a postgraduate work visa that will bring you closer to your career goals.

Earning a Master’s degree shows that you are dedicated and specialized, which gives you an edge over other applicants when it comes to landing one of the high-paying graduate jobs.

More than career benefits, taking a Masters degree in Canada will provide you with the following benefits:

● Exposure to exciting new cultures: With year-round festivals like Shambala, you’ll have no shortage of entertainment!

● Network with other professionals in your Master’s program

● Pick up a new language

If you’re thinking about moving into a new industry or accelerating your career taking a Master’s degree is just the ticket.

Read on to discover ten high-paying jobs in Canada, so you can start planning.

10 Highest Paying Jobs in Canada

Graduate education is expensive, and you’ll have to put your career on hold for some time while you focus on your degree.

While the skills you pick up and the experience you gain make it all worth it, securing a well-paying job should still be one of your main considerations when choosing a Master’s Degree.

#1: Mining and forestry manager

Canada’s abundant forest resources and increasing urban planning are driving demand for mining and forestry managers.

In this role, you will inspect ground operations and ensure production quotas are met. With a Masters in Forest Engineering, you can be in this role which will see you earning around CAD 108k a year.

#2: Oil and gas drilling supervisor

Increasing demand for base metals means that the industry needs more oil and gas drilling inspectors. In this role, you will earn approximately CAD 79,000 annually.

You will be responsible for monitoring and training rig workers, and ensuring operations comply with company regulations and safety guidelines.

For such a role, you will need a Master of Science in Petroleum Engineering.

#3: Air traffic controller

Air traffic controllers make sure planes land safely and don’t collide with other planes coming from all over the world.

With the large volume of air traffic that Canadian airports receive, you will have a big task! As a traffic controller, you can expect an annual salary of CAD 87,000.

You will need a Masters in Aeronautical Engineering.

#4: Statistician

If you’re a statistics whiz, becoming a statistician is the way to go. With a Masters in Finance, you can work as an actuary planning insurance policies or even in the national statistical office of Statistics Canada.

As a statistician, you will earn around CAD 90,000 in a year.

#5: Engineering manager

As an engineering manager, you need to be a tech-savvy person. You must track metrics and guide the engineering team in delivering the best results. You can make around CAD 94,000 in this role.

To become an engineering manager, you need a Master’s degree in Engineering.

#6: Director of public administration

If you dream of becoming a public administration manager, don’t worry if you have never worked in the field.

With a Master of Public Administration, you will be trained to help manage government projects that will help society as a whole!

As a public administration manager, you will earn CAD 99,000 in a year.

#7: Power system operator

Power System Operators oversee the generation and transmission of electricity using critical systems.

If how power plants work interests you, consider pursuing a Masters in Electrical Engineering.

In this role, you will earn approximately CAD 84,000.

#8: Health & community services manager

With five years of experience and a Masters in Health Administration, you can work as a Health and Community Services Manager earning CAD 100,000 annually.

You will plan and manage social and health programs, working with other community stakeholders to assess their effectiveness.

#9: Financial Manager

If you are passionate about details and can handle large volumes of data, consider becoming a financial manager.

You can work in a variety of industries, from banking to consumer goods. By analyzing an organization’s financial data, you will create a plan to ensure the company’s activities remain profitable.

With a Masters in Finance, you can step into this role and earn CAD 96,000 in a year.

#10: Senior business manager

As a senior business manager, you can earn CAD 97,000.

Senior business managers come up with targets and strategies to ensure the smooth working of an organization. You will be responsible for overseeing general activities and liaising with board members.

If this role suits your desires, consider pursuing a Master of Science in Business Analytics.

Take the Next Step Toward Fulfilling Your Career Aspirations

With a low unemployment rate of 5.5% and demand for specialized roles across a variety of industries, Canada is the place to be if you are looking for new career opportunities.

If you dream of having one of the top paying jobs in Canada, choosing the right Master’s degree is essential.

At IDP, we offer tailored advice to help you achieve your goals step by step.

Our educational counselors are here to help you plan your entire postgraduate journey, from choosing the perfect Master’s Degree to sorting out your accommodation.

If you’re ready to take the next step without having to deal with the small details, book a consultation with one of our education advisors today!

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